For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
What languages does LimeFx support?
The LimeFx Economic Calendar is a great tool for following the date and times of news releases that can impact the global financial markets. The calendar displays the previous results, forecasted result and actual impact of all news releases. You can filter the economic calendar to display only the news that matters the most to you. MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. The preference for the online purchase, and even physical ownership, of precious metals as long-term investment has tremendously increased in recent decades. Stock trading involves buying and selling shares in companies in an effort to make money on daily changes in price.
Tradable Instruments and Assets
This is a really solid broker with multiple international regulations. These guys have if not best, maybe one of the best reputations in the market, trusted by many brokers. Their platform is intuitive, and their market analysis is always detailed and reliable. LimeFx takes customer service very https://limefx.group/ seriously I am sure the will improve and investigate this matter. We are glad to hear that they are providing a wide range of instruments to assist with your trading style. They provide multilingual customer service around the clock via various channels such as live chat, phone, and email.
Account Funding And Fees
LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with. You can open a free demo account to learn how to use the platform and practice trading online risk free, until you build enough confidence to open a live account. LimeFx allows traders to gain access to several features on their trading platforms.
Furthermore, LimeFx’s 360-degree research content affords the broker’s clients a broad overview of market developments. Given its multi-regulated framework, the availability of negative balance protection, guaranteed stop loss, and funds compensation scheme, the broker appears to be safe. The company keeps clients’ investments in segregated bank accounts and employs advanced security protocols to prevent unauthorised intrusions. Clients who don’t feel confident trading sizable lots can now sign up for Ultra-low accounts. While other trading conditions look similar to the other accounts offered, the broker doesn’t allow swaps in the ultra-low account.
Research and Educational Materials
- This means no swap and/or rollover interest is charged or gained on overnight positions.
- Specifically, for the EUR/USD and AUD/USD pairs, LimeFx’s average spread is 1.60 pips, which is in line with the industry average, though not the lowest on the market.
- Since third-party payments are not accepted, you must fund your account using the payment source that matches your name.
- LimeFx offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5.
The currency converter enables you to convert to and from various currencies by using live currency rates. LimeFx accepts traders who are residents of countries from the European Economic Area (EEA). Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT5.
If you are new to trading online and would like to learn more about the different platforms available and how to use them, LimeFx have a generous selection of tutorial videos that can help. Don’t worry if you are not trading enough volume, you can still request the LimeFx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
It allows for many open or pending orders, with a cap set at 300 items, allowing traders to execute their trading strategies. This feature dramatically minimizes the chance of illegal account access by requiring a second form of verification, which is often a code sent to the client’s mobile device. This broker is dedicated to furnishing its clientele with a safe trading milieu and utilizes several advanced security features. LimeFx specializes in forex and CFD trading, providing various goods such as currency pairings, commodities, equities indexes, and precious metals.
If you are new to trading then you should find these useful. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. Above all, our experts assess whether a broker is trustworthy, taking into account limefx official site their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. The firm is authorized by tier-one regulators, has received dozens of awards and proved itself to be a reliable forex and CFD broker during our tests.
With LimeFx you get more than one trading account because many employees of the company provide customer service. Over 30 different languages are available in customer support. International employees also work for the company and help you around the clock. This means that the spread (the difference between buying and selling prices) is always the same.
Tom-next rates are determined by the money markets and are interest rate differentials between two currencies. We believe that LimeFx’s spreads are reasonable but not as competitive as some rival brokers. To help facilitate the customer service that LimeFx offers its clients from around the world, it claims to have support in over 25 languages.
The Standard account is a good option for a range of traders with a straightforward sign-up process and competitive trading conditions. We were particularly impressed with the Ultra Low/Zero account – this is best for traders looking for the tightest spreads with a low commission. LimeFx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. While the number of instruments offered varies across asset classes, LimeFx’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. LimeFx is an FX brokerage that was founded by Trading Point Holdings in 2009.
LimeFx does not offer a proprietary mobile app, however, MT4 and MT5 have mobile app compatibility. These applications are available for free download to iOS and Android devices and offer the full functionality of the desktop solutions for mobile traders. Based on our tests, the live chat is the quickest and most convenient way to get help.
LimeFx recognizes that credibility and reputation are closely linked. LimeFx is an online broker and trading website that allows clients to trade a range of assets. Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices CFDs, gold and oil CFDs, as well as stock CFDs. Your login details to the MT5 will also give you access to the LimeFx WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps.
Leave a Reply